Crypto Gist Vol. 2 (May 21–25 2018)
We share some of the biggest stories and news from the cryptocurrency scene within the last few days.
Another Verge (XVG) Hack
Verge (XVG) which is a privacy-focused cryptocurrency has been hacked again. In what seems like another hack in just 2 months, over 35million XVG which is equivalent to 1.7 million USD were stolen in just few hours, as reported by The Next Web on May 22.
Lest we forget Verge (XVG) was subject to over 250,000 XVG hack earlier in April and also had their twitter account compromised in March with the hackers tweeting about a fraudulent giveaway of Verge coins in exchange for coins being sent to them.
Vitalik Buterin reportedly wanted by Google
In what look like a twist and turn, the co-founder of the 2nd largest cryptocurrency Vitalik Buterin appeared to share a screenshot of a mail he recieved from Google’s Ms Garcia added with a poll ‘ should I drop ethereum and work for Google?’
Mr Buterin later deleted the poll and tweeted: “Too bad you can’t quote tweet someone and add a poll.” but before it got deleted it was said that 59% of more than 2,000 people polled responded that Mr Buterin should not abandon ethereum.
Bitcoin Pizza Day
On May 22 the crypto space celebrated what is now know as ‘Bitcoin Pizza Day’ it is a day celebrated in commiseration of what happen around mid-May 2010, in which a programmer named Laszlo Hanyecz sought to exchange some of his hard-earned bitcoins for pizza — several days later, he was able to do so with the aid of a fellow user of the Bitcoin Talk online forum, then a central hub for discussion around cryptocurrency.
A deal was struck: 10,000 BTC for two Papa John’s pizzas. That eye-watering amount was worth a mere $25 at the time, or a fraction of a penny apiece.
Then fast forward to 2018 May, the same amount of BTC which was really insignificant and more than enough to purchase 2 Pizzas is now worth a whooping $83.7 million.
Despite the huge rise Hanyecz still doesn’t feel bad about the deal he did in 2010, in an interview with NY Times he said
“It wasn’t like Bitcoins had any value back then, so the idea of trading them for a pizza was incredibly cool,”
Upcoming Main net launch
In what could be a super pumper months for crypto enthusiast the following currencies will be having there Main net launch between the month of May and June. The main intention of these is to find bugs, and improve different functionalities.
Oyster Pearls (PRL), is one of the projects that will be launching its mainnet on May the 29th. The project has been built using IOTA’s Tangle technology and Ethereum’s smart contract framework.
Tron will be the next mainnet launch, scheduled for May the 31st. The project is one of the most commented and discussed in many forums and social networks. Indeed, Tron distributed 30 million tokens through an airdrop back in April, so as to show support and appreciation to the Ethereum community.
EOS will also be launching its mainnet on June the 2nd, and the expectations for this network and cryptocurrency are extremely high. At the moment it is the 5th most important virtual currency in the market, and it seems that it still has place to keep growing.
VeChain will be ready to launch its VeChain Thor mainnet on June the 30th. There is an important enthusiasm around this product that could be applied in many different cases. Due to the incredible amount of partners that VeChain has been able to gather, it wants to start rolling out dApps on their platform as soon as possible.
Ontology, is expected to happen during the next month (June), according to the roadmap, which indicates that the Ontology project was going to release its mainnet in the second quarter of 2018. As soon as Ontology launches its mainnet, applications for Ontology’s partners are expected to roll out continuously.
Bitcoin Gold subjected to $18 million hack
In what looks like an enduring week for crypto investors another $18 million in Bitcoin Gold (BTG) was hacked.
“An unknown party with access to very large amounts of hashpower is trying to use ’51% attacks,’” Bitcoin Gold forum poster Mental Nomad announced a week ago, “to perform ‘double spend’ attacks to steal money from Exchanges. We have been advising all exchanges to increase confirmations and carefully review large deposits.”
Read full story here
Ban on Crypto currency lifted in Zimbabwe
A good news for friends especially in Zimbabwe, the ban on cryptocurrency placed few weeks ago has now been lifted by the country’s High Court.
Price Analysis
Bitcoin
ATH — $ 8,557.52
ATL — $7,392.65
Ethereum
ATH — $ 719.28
ATL — $ 557.21
Thank you for reading another edition of crypto gist, we hope to hear your feedback on how we can improve and serve you better. Don’t read alone remember to share with friends and other crypto enthusiast.
